2024 Is Looking A Whole Lot Like The 1970s, Says Jamie Dimon — And That's Not A Good Thing

htan@insider.com (Huileng Tan), Business Insider
Tue, 01/09/2024 - 11:59pm

JPMorgan Chase CEO Jamie Dimon.AP Images/Jacquelyn MartinJPMorgan Chase CEO Jamie Dimon told Fox Business Network he sees similarities between the economy of the 1970s and 2024.Dimon said he isn't sure the economy will achieve the soft landing the Fed is trying to engineer.The 1970s was marked by a period of high inflation and stagnant economic growth.JPMorgan Chase CEO Jamie Dimon said 2024 may just be like the 1970s — and it's more about the economy than nostalgia.On Tuesday, Dimon listed out some common developments between the two eras to Fox Business Network's Maria Bartiromo.

Topics: i goldilocks june federal reserve jpmorgan fed 1970s economy soft rate concerns told rates developments stagnant

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2024 Is Looking A Whole Lot Like The 1970s, Says Jamie Dimon &mdash; And That's Not A Good Thing

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2024 Is Looking A Whole Lot Like The 1970s, Says Jamie Dimon — And That's Not A Good Thing